10-07-2022, 03:10 PM
(10-07-2022, 02:34 PM)divmenow Wrote:(10-07-2022, 01:36 PM)stockguru Wrote:(10-07-2022, 11:47 AM)ConnerM Wrote:(10-07-2022, 10:53 AM)Marknew Wrote: Added WEC, MSST and AVGO
New position in SHOP with protection lol
MSFT down $12. This market is a joke now. No one cares anymore and investors aren't buying. Most are just like why bother when they will be even lower in the coming years until you know who exits lol
It's just not fun anymore. I pulled a lot of my money out and only mostly monthly dividends names. Some down big but at least I'm reinvesting the dividends lower lol
Today added very few names only because I do that the 1st week of each month.
Time for playoff baseball. Go Rays
Market manipulation with a few bear bounces to deceive you. The Fed is working against you every step of the way. There goal is to wipe out 50-70% of your retirement. Just wait until all the layoffs happen and the housing market crashes hard. You ant seen nothing yet. People are selling everything now because your going to need that money to survive over the next 2 years. Food, gas, electric bills, rent ect. Dividend stocks aren't going to mean much when the companies are wiped out and dividend cuts happen. It's coming. Just wait for it
Your right there Conner. No liquidity in the market, Buys are very few in between. Its all manipulation now. The powers to be as you all call it made the money from pumping and now there making money on the way down. There all crooks. Look at all the insiders too. Tech CEO, CFO's all selling at lows. What does that tell you?
Oil will be next sector to get crushed. There's no way they will allow oil to go to $150 because the DEMS will need the votes. They will do all they can to get it lower. My guess is $65 is coming. I just have that feeling
I did buy a few things, and that's only because I have to monthly.
LOL
There's Absolutely NO catalysts to send markets higher and 10 catalysts to drive it down.
Why not be excited for this dip. Stocks are now at 3 year lows. This is the dip everyone was looking for
I added MSFT. Mine as well here at a 52 week low right lol
Exactly.
This is the dip everyone was waiting for. There are plenty of great buys here for the long term.
The question is just about how to balance that buying so that we don't spend too much too soon and also so that we have spent the majority of our available cash while things are still cheap.
Regarding dividends, I don't see many dividend aristocrats etc cutting their dividend. Sure, we are already in a recession and sure, with the crazy inflation numbers the average consumer has less to spend. But the whole point of dividend growth investing is to invest in companies that play it safe enough that they can survive such conditions for a few years without the dividend ever being in danger.
There will probably be 1 or 2 companies who can't keep up with their dividend in my portfolio, which consists of about 30 companies now. I have no idea which ones will cut the dividend, but if things get bad then it's likely there will be a couple. That is something I can live with.